Fredriksen-company pulled down Oslo Stock Exchange

Drilling rig company Seadrill noted the biggest slide on the Oslo Stock Exchange in 2015, as the John Fredriksen-controlled company lost more than USD 3 billion in market value.
Photo: Richard Drew/AP/POLFOTO/arkiv
Photo: Richard Drew/AP/POLFOTO/arkiv
BY OLE ANDERSEN

The oil price put a considerable damper on share price developments on the Oslo Stock Exchange in 2015. The main index did increase by 5.6 percent overall in the past year, reports the Oslo Stock Exchange, but the energy shares - led by the Fredriksen-controlled drilling unit Seadrill in particular, the former jewel of the Norwegian-Cypriot shipping magnate's business empire - pulled the exchange down big-time.

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